THE WAIT FOR higher pension Pension under the Employees' Scheme could be longer than anticipated, as the Employees' Provident Fund Organisation (EPFO) has not worked out a clear timeframe by when it would be implemented.
The issue is understood to have been taken up at the recent meeting of a sub-committee of the EPFO's Central Board of Trustees (CBT).
Members of the sub-committee on pension implementation and Employees' Deposit Linked Insurance, in a meeting on March 15, are understood to have asked the EPFO on the status of the implementation of higher pension, based on a Supreme Court ruling, and expressed concerns over the "piecemeal"manner in which it was being done.
The EPFO has set May 3 as the deadline for submitting applications for opting for a higher pension under the EPS. Following this, it plans to individually examine all applications before informing subscribers of their eligibility.
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